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- Goldman's PR Offensive: What's in It for Them?
- Gary Weiss submits: Once upon a time I called Goldman Sachs GS to see if I could get cooperation for a story I was working on. Goldman was not the subject of the story, but played a role. The spokesperson's response was enjoyably candid: "What's in it for us?"...
- External links 2009-11-19
- Happy Birthday, Sith Lord: Patrick Byrne's Delusion Is Four Years Old
- Gary Weiss submits: Overstock.com's OSTK wacky CEO Patrick Byrne has been flacked to the news media by his two p.r. firms in recent days, giving a series of softball video interviews and expounding on his formula for "success"--i.e., years of unprofitable losses and occasional "profits" through accounting card tricks.I'm...
- External links 2009-08-13
- A Media Death Watch
- Gary Weiss submits: Jeff Bercovici has a provocative post today at Daily Finance suggesting that a bunch of well-known media titles, from Monster.com to BusinessWeek, are destined for that great copy desk in the sky.Apparently BW was the favorite of the "brain trust" that he assembled: by Gary Weiss
- External links 2009-08-05
- Overstock.com: More Roadmaps for Regulators to Ignore
- Gary Weiss submits: It's now becoming clear why, out of the blue, Overstock.com's OSTK ditsy CEO Patrick Byrne is on a cyberstalking frenzy, unleashing his hireling Judd Bagley on the usual suspects mainly me: Byrne is, as usual, cooking the books to manufacture phantom profits.It's all in an "Open...
- External links 2009-08-05
- Good News for BusinessWeek
- Gary Weiss submits: So the BusinessWeek "sale watch" continues, with virtually no interest at all from the media for some reason, except for BW's own Jon Fine. He has the latest tidings, which actually are quite good.Jon reports that Joe Mansueto "has expressed interest in pursuing a deal for...
- External links 2009-08-05
- Sobering Tidings from BusinessWeek
- Gary Weiss submits: The good news is that Jon Fine is doing a smashing job covering the pending sale of BusinessWeek, unlike a lot of news organizations that are reluctant to cover themselves. The bad news is that his latest news, out yesterday, is pretty discouraging.The good news is...
- External links 2009-07-31
- Close BusinessWeek?
- Gary Weiss submits: Marketwatch suggested on Tuesday that profit-hungry McGraw-Hill MHP, which just announced atrocious second quarter earnings, might actually close BW if a buyer can't be found: McGraw-Hill has several options, none of which will bring smiles to the faces of worried BusinessWeek staffers. Indeed, it can...
- External links 2009-07-30
- Will the SEC Hand Patrick Byrne Yet Another 'Get Out of Jail Free' Card?
- Gary Weiss submits: I've used the expression "road map for regulators" at least twice in describing how white collar crime-fighter Sam Antar has exposed the phony accounting used by Overstock.com OSTK. Sam's latest post describes the latest sleight of hand CEO Patrick Byrne has used to juggle the numbers.Sam...
- External links 2009-07-30
- Overstock.com Finds a New Way to Waste Money
- Gary Weiss submits: Yesterday, I ran an item describing Overstock.com OSTK CEO Patrick Byrne's latest issuer retaliation gambit. Well folks, I just got an email from a p.r. person for Overstock. That was quick.Threatening? Angry? Slimy? Not at all. Why, they were so darn nice that I have an...
- External links 2009-07-24
- Patrick Byrne Teaches a Lesson in Issuer Retaliation
- Gary Weiss submits: I missed the Overstock.com OSTK conference call yesterday (I was washing my hair or feeding pigeons or sumthin'.) Well, what a major shame. The conference call transcript, published on Seeking Alpha yesterday, shows that Overstock.com's forever shameless CEO Patrick Byrne taught a graduate-level seminar in issuer...
- External links 2009-07-24
- How Not to Revive BusinessWeek
- Gary Weiss submits: Alan M. Webber, co-founder of Fast Company, has some ideas in Huffington Post on how to revive BusinessWeek owned by MHP. I'm glad that someone of his caliber is thinking about that--heaven knows, BW needs new ideas--but the ones he has presented indicate, to be quite...
- External links 2009-07-15
- BusinessWeek's Strategic Options Being Explored Means...
- Gary Weiss submits: Since all the world now knows that McGraw-Hill MHP is shopping BusinessWeek, I'm perplexed by the corporate-speak of an email delivered to the staff after the news broke on Bloomberg, by BW publisher Keith Fox. It said as follows: by Gary Weiss
- External links 2009-07-15
- Phantom Shares Plague Overstock.com
- Gary Weiss submits: In the past I've scoffed at notions that Overstock.com OSTK, a third-rate Internet retailer that bellyaches about "naked short selling," has been beset by sale of "phantom shares." Well, my bad. Appears that the reports are true, and I certainly hope that regulators investigate and take...
- External links 2009-07-14
- Business Week Is on the Block
- Gary Weiss submits: Recent rumors that BusinessWeek is for sale appear to be true. Bloomberg is reporting that McGraw-Hill MHP has hired Roger Altman's Evercore Partners to shop the magazine.Great timing, you have to admit. Ever hear of a more terrific climate for magazines? I can't. I'm sure McGraw...
- External links 2009-07-14
- Would Wasserstein Be Good for BusinessWeek?
- Gary Weiss submits: If I were a betting man (and mind you, I suck at betting), my guess would be that Bruce Wasserstein will buy BusinessWeek. That seems to be the conventional wisdom see here and here, and I agree.BW's Jon Fine even says, in an casual reference in...
- External links 2009-08-23
- A (Bio)Vail of Tears: Junk Lawsuit Against SAC Capital Thrown Out
- Gary Weiss submits: There was weeping and wailing and blubbering among inept CEOs across the land in recent days as a federal court judge threw out a junk lawsuit against hedge fund manager SAC Capital Advisors and Gradient Analytics by the veteran underperforming blame-shifter, Biovail Corp BVF.In retrospect it...
- External links 2009-08-24
- Eureka! The SEC Enforced Regulation G!
- Gary Weiss submits: Will wonders never cease? This isn't likely to get much notice, but it's pretty big news: the SEC actually enforced one of the most crucial regulations preventing public companies from cooking the books, known as Regulation G. The agency reached a settlement yesterday with SafeNet Inc. and...
- External links 2009-11-13
- If Zelnick Had Bought BusinessWeek
- Gary Weiss submits: It's still unclear how many former BusinessWeek editors will be hired by Bloomberg L.P., but one thing is increasingly clear: it could have been a hell of a lot worse. Peter Kafka describes the nightmare scenario: a purchase by private equity bloodhounds ZelnickMedia that would have...
- External links 2009-11-02
- First Casualty of the BusinessWeek Sale
- Gary Weiss submits: That was fast. Steve Adler's resignation from BusinessWeek was announced late Tuesday, and according to Keith Kelly it is likely to be followed by others. Kelly makes it seem as if the staff is in chaos, with one other top editor likely to go and the...
- External links 2009-10-22
- Questions Remain About Bloomberg's BusinessWeek Buyout
- Gary Weiss submits: Bloomberg L.P. officially became the buyer of BusinessWeek today, as expected. Here's a memo to the BW staff by the soon-to-be-former owner, and here's a Bloomberg press release.A few things are left unclear in the official pronouncements, and they're not minor: by Gary Weiss
- External links 2009-10-14
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